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Finance Minister: “No new revenue measures”

Finance Minister Hon. Marco Archer, JP, is busy putting the finishing touches to his Budget Address that he promises will unveil a people- and business-friendly budget, with no new revenue measures planned. “This budget is a good package,” Mr. Archer…

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Suze Orman at the Westin Grand Cayman

Suze Orman, the two-time Emmy Award-winning television host, New York Times mega best-selling author, magazine and online columnist, is being brought to Cayman by Colonial Pension Services Ltd, a member of Colonial Group International Ltd. (CGI) and a registered pension…

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OPINION: EC Dollar devaluation may be beginning of the end

By Peter Binose From Caribbean360 KINGSTOWN, St Vincent – We may all wake up one morning soon and find our EC dollars worth less, or even worthless. Our savings and our buying power reduced. Our local pensions worth so much…

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Pfizer, other companies accused of dodging taxes

By Lee Howard From The Day Top American companies including pharmaceutical giant Pfizer Inc. are saving at least $550 billion in taxes by holding profits in overseas tax havens, according to a report Monday by the advocacy group Citizens for…

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Details of review by EY of the Cayman Islands Civil Service

At a Government Press Conference on Friday May 16th the details of the review of the Civil Service to be executed by Ernst & Young (EY) who were appointed at a cost of over $155,000 was announced. The Civil Service…

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Cayman Islands Court clarifies treatment of foreign tax liabilities in bankruptcy

Article by Colin D McKie and Brett Basdeo From Maples and Calder The Cayman Islands Court of Appeal has allowed the appeal of a creditor against a bankruptcy order made against two Cayman Islands resident debtors, the primary purpose of…

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The Confidential Relationships (Preservation) Law: Confidentiality Legislation in the Cayman Islands

By David Butler, Phillip Kite, Ian Mann, Jayson Wood | Harney Westwood & Riegels Contact In this guide Harneys considers the scope of the Cayman Islands’ Confidential Relationships (Preservation) Law and the sanctions that apply to contraventions of it. The…

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Breaking FATCA news: A semi-stay of execution for Americans’ assets and the dollar

By Jeff Berwick – The Dollar Vigilante From Personal Liberty Digest The Illegitimate Revenue Agency (IRS) has just announced that the Foreign Account Tax Compliance Act (FATCA) has been postponed from July 1 until Jan. 1, 2016. This is good…

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Tethys Petroleum Limited: First quarter 2014 financial results

GRAND CAYMAN, CAYMAN ISLANDS, May 15, 2014 (Marketwired via COMTEX) — Tethys Petroleum Limited (“Tethys” or the “Company”) CA:TPL +1.11% UK:TPL -1.51% today announced its First Quarter 2014 Financial Results.   Corporate Highlights — Drilling of a further 3 successful…

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EU providing billions for projects in Jamaica

From Caribbean360 KINGSTON, Jamaica, CMC – The European Union is providing J$11.1 billion (one Jamaica dollar = US$0.004 cents) to Jamaica for projects within the sugar industry, justice, community development initiatives and poverty reduction. Prime Minister Portia Simpson Miller said…